A
Project Report
On
THE STUDY OF JOB SATISFACTION OF EMPLOYEES
SUBMITTED TO
SAVITRIBAI PHULE UNIVERSITY
TOWARDS PARTIAL FULFILLMENT OF
BACHELOR OF BUSINESS ADMINISTRATION
BATCH(2023-24)
SUBMITTED BY GUIDANCE
Mr. Krishana Sham Pawar [Link] Purohit.
S.Y B.B.A
MAHATMA GANDHI VIDYAMANDIR’SPANCHVATI COLLEGE OF MANAGEMENT AND
COMPUTER SCIENCE NASHIK.
DECLARATION
This is to certify that I have completed the Project Titled "THE STUDY OF JOB
SATISFACTION OF EMPLOYEES " under the guidance of "PROF. MRS. SONAL PUROHIT
in partial fulfilment of the requirement for the award of Degree of Bachelor of Business
Administration at Panchavati College of Management and Computer Science Nashik. This is an
original piece of work
Date:
Signature:
Place:
ACKNOWLGEDEMENT
It is a great pleasure to me in acknowledging my deep sense of gratitude to all those who have helped
me in completing this project successfully.
First of all I would like to thank Pune University, Pune for providing me an opportunity to undertake a
project as a partly fulfilment of BBA degree.
I would like to thank you A STUDY ON JOBSATISFACTION OF EMOLOYEES AT PAREEMAL
INDUSTRIES, for providing me an opportunity to work with them and providing me necessary
information about their organization, there operation and providing guidance in developing my
project.
I would like to thank our Head of Department and my project guide Prof. L. C. AWATI ma'am
whose valuable guidance and encouragement at every phase of the project has help to prepare this
project successfully.
Finally, I would like to express my sincere thanks to myfamily, all the faculties, office staff and
library staff of Panchavati College of management and Computer Science, Nashik and friends who
helped in some or other way in making this project
Krishana Pawar.
INDEX
1 Introduction
2 Objective
3 Company Profile
4 Research Methodology
5 Data Analysis Interpretation
6 Findings Suggestions
7 Conclusion
INTRODUCTION
Job satisfaction is defined as the extent to which an employee feels self-motivated,
content & satisfied with his/her job. Job satisfaction happens when an employee
feels that he/she is having job stability, career growth and a comfortable work life
balance. This implies that the employee is having satisfaction at job as the work
meets the expectations of the individual. Job satisfaction may not only be about
compensation, perks or assets an employee might get but also is about the
environment, culture and quality of work which a company can offer to employee.
It may or may not be quantified though research methodology can be used to
relatively check the satisfaction levels of employees in the same company or a
sector on common parameters or questions.
There are a lot of factors which go together to ensure high job satisfaction rates in
a company. To begin with hygiene factors like good pay, work life balance, perks,
leaves etc. play a very important role in making sure that the employee is content
in the job. Job satisfaction can be a relative term as it may depend on an
individual's perception but overall job satisfaction can be judged through various
indirect parameters like productivity, attrition rate, employee feedback etc. It may
also differ from industry to industry. The measurement or perception of job
satisfaction may be different from IT sector when compared to manufacturing
sector. Job satisfaction may also depend upon the factor whether the person stays
in the same company or sector for a long period of time. If the growth within the
same company gets stagnant then the job satisfaction may drop significantly as
compared to an employee who would be switching careers regularly. On the other
hand, for some people, job satisfaction may not be high if they keep switching
companies again and again. Job Satisfaction can be a very important parameter but
sometimes difficult to measure or perceive.
Importance of Job Satisfaction
A satisfied employee is always important for an organization as he/she aims to
deliver the best of their capability. Every employee wants a strong career growth
and work life balance at workplace. If an employee feels happy with their company
& work, they look to give back to the company with all their efforts.
Importance of job satisfaction can be seen from two perspectives:
For Employees
Job satisfaction from an employee perspective is to earn a good gross salary, have
job stability, have a steady career growth, get rewards & recognition and
constantly have new opportunities.
For Employers
For an employer, job satisfaction for an employee is an important aspect to get the
best out of them.
A satisfied employee always contributes more to the company, helps control
attrition & helps the company grow. Employers needs to ensure a good job
description to attract employees and constantly give opportunities to individuals to
learn and grow.
The positive effects of job satisfaction include:
1. More efficiency of employees of workplace if they are satisfied with their job.
2. Higher employee loyalty leading to more commitment.
3. Job satisfaction of employees eventually results in higher profits for companies.
4. High employee retention is possible if employees are happy.
Job Specification
Job Description
Job Bidding
Job Design
Job Analysis
Job Satisfaction Factors
Job satisfaction is related to the psychology of an employee. A happy & content
employee at a job is always motivated to contribute more. On the other hand, a
dissatisfied employee is lethargic, makes mistakes & becomes a burden to the
company. The elements & factors which contribute to job satisfaction are:
1. Compensation & Working conditions
One of the biggest factors of job satisfaction are the compensation and benefits
given to an employee. An employee with a good salary, incentives, bonuses,
healthcare options etc. is happier with their job as compared to someone who
doesn’t have the same. A healthy workplace environment also adds value to an
employee.
2. Work life balance
Every individual wants to have a good workplace which allow them time to spend
with their family & friends.
Job satisfaction for employees is often due a good work life balance policy, which
ensures that an employee spends quality time with their family along with doing
their work. This improves the employee's quality of work life.
3. Respect & Recognition
Any individual appreciates and feels motivated if they are respected at their
workplace. Also, if they are awarded for their hard work, it further motivates
employees.
Hence recognition is one of the job satisfaction factors.
4. Job security
If an employee is assured that the company would retain them even if the market is
turbulent, it gives them immense confidence. Job security is one of the main
reasons for job satisfaction for employees.
5. Challenges
Monotonous work activities can lead to dissatisfied employees. Hence, things like
job rotation, job enrichment etc can help in job satisfaction of employees as well.
6. Career Growth
Employees always keep their career growth part as a high priority in their life.
Hence, if a company helps groom employees and gives them newer job roles, it
enhances the job satisfaction as they know they would get a boost in their career.
There are several theories given which help in evaluating & measuring job
satisfaction of employees at workplace. Some of them are:
- Hierarchy of Needs by Maslow
- Hygiene Theory by Herzberg
These help in understanding the parameters or factors which influence job
satisfaction of employees at workplace.
OBJECTIVE
Work Environment
Recognition and Rewards
Growth and Development Opportunities
Honest Feedback and Open Communication
COMPANY PROFILE
Pareemal Industries, Nashik is an ISO 9001:2008/ISO 9001:2008 certified company, incepted
in the year 1995. We are one of the prominent Manufacturer, Supplier And Exporter of Brass &
Copper Components to our customers across the nation.
With over 27 years of experience and supply of components to various sectors ranging from
Precision Turned Components on CNC & VMC, SS Clinch Nuts, Chocago Screws, Automobile
components to Hot Runner systems & Heating Elements worldwide either direct or through
agencies , we are sure to be assistance to you.
We are supported with a state-of-art infrastructure facility that is equipped with advanced
manufacturing and tools. This unit is managed by a team of personnel? who are highly qualified
and experienced. We manufacture these using high quality materials and according to the
international quality standards. We also check the quality of these on various parameters to
ensure defect free range to our clients. We export these to various countries like Australia/NZ,
Indian Subcontinent, East Europe, East Asia, North Europe, Middle East, South/Western Europe
and South East Asia.
Under the guidance of our expert professionals, Mr. Pareemal Walke, we achieved a strong
foothold in the market for our clients. His industry experience and ability to understand the
demands of the clients helped us in offering a flawless range to our clients.
RESEARCH METHODOLOGY
RESEARCH METHODOLOGY is a way to systemically solve the research problem. It
may be understood as a science of studying how research is done. and it to study the
various steps that are generally adopted by a researcher in studying his research problem
it is necessary for the researcher to design the methodology form the problem as a
method differ from problem- problem.
Research design
Research design is a conceptual structure with the help of which research is
conducted. There is no unique method which can entirely eliminate the elements of
undertaking both research methodologies more than any other procedures can minimize
the degree of uncertainty. Thus it reduces the probability of making a wrong choice
amongst the alternative course of action. in this research descriptive research design is
being used. . The study is done for specific purpose with the help of facts collected but car
should be taken the information should be free from bias and should be reliable. The design
includes the following steps:-
1-objective formulation
2-data collection
3-sample selection
4-sample size determination
5-analying the information
6-result
7-limitation
RESEARCH DESIGN
Research design is a conceptual structure within which research is conducted; it isbasically the
blue print for a collection of data, measurement and analysis of data. “A research design is the
arrangement of conditions for collection and analysis of data in
manner that aims to combine relevance to research purpose with economy in procedure”.
RESEARCH DESIGN : EXPLORATORY
SAMPLE SIZE : 15
Data collection:-
The data collection from two sources:
PRIMARY DATA:-
It was collected through the survey of job satisfaction of employees.
SECONDARY DATA:-
It was collected from internet, various books, newspapers and company literature..
DATA ANALYSIS AND INTERPERTATION
Q.1 . GENERAL WORKING CONDITIONS
a) Work hour each week
1 Highly Satisfied 40%
2 Satisfied 25%
3 Any Thing 15%
4 Dis-Satisfied 20%
5 Total 100%
INTERPRETATIONS
40% employees of max are highly satisfied with the working hour of
each week. 25% are satisfied , 15% are unable to say any thing, 20%
are dis-satisfied and others are highly dis-satisfied.
b) Flexibility in scheduling
1 Highly Satisfied 40%
2 Satisfied 25%
3 Any Thing 15%
4 Dis-Satisfied 20%
5 Total 100%
INTERPRETATIONS
35% employees of max are highly satisfied with the Flexibility ischeduling,
30% are satisfied , 15% are unable to say any thing, 20% are dissatisfied
and others are highly dis-satisfied.
c) No of paid leaves
1 Highly Satisfied 40%
2 Satisfied 25%
3 Any Thing 15%
4 Dis-Satisfied 20%
5 Total 100%
INTERPRETATIONS
Employees of max are not highly satisfied with the No of paid leaves , 25%
are satisfied , 5% are unable to say any thing, 25% are dis-satisfied and 45%
are highly dis-satisfied.
FINDINGS
According to diagram estimated recruitment timing / process in is
less than one month as shown in figure 60 %
According to figure 50% we cannot say that Competency based interview
questions are being adapted at . in comparison to traditional method.
According to figure , not 60% technical and behavioral factors are taken into
consideration at the time of recruitment.
According to 80% employees do not know who will be present in the interview
panel and for what duration.
According to 70% head hunting is mostly adopted by for recruitment process.
According to 50% both Post and Electronically recruitment information received
by applicant.
According to 60% after 1 to 2 days of request the pack has being received.
According to 40% yes there is professional equity in recruitment policies.
According to 50% present recruitment hiring ratio is 10 on 20.
According to 60% average joining ratio is more than 75%.
SUGGESTIONS
The following recommendations on the basis of the data collected can be made the
concerned authorities:
1. They should first decide, depending upon their abilities, which job they want
to do and should only take careers, which is interesting to them
2. The job should be chosen according to the aptitude to the employees. This will
lead to greater level of learning, achievement and ultimately motivation in the
Employees turnover to the excel.
3. The Employees should make sure that they do not let their personal tension
affect their work. They should keep their personal relationships harmonious.
4. Physical health affect the level of Employees satisfaction. Proper care should
be taken by Employees turnover in this respect.
5. Employees should put in their best in their jobs so that their is no fear of
loosing their jobs.
CONCLUSION
At this moment, I have reached the end of this research on Satisfaction in Pareemal
Industries . I have also learned the methodology by which client companies are contacted for
the Employees.. By research I also came to know that the in Pareemal Industries have high
market demand in Automobile. Job satisfaction plays a crucial role in the success of both
employees and organizations. Employers should strive to create a positive work environment,
offer competitive compensation packages, and provide opportunities for growth and recognition.
Employee satisfaction is the terminology used to describe whatever employees are happy and
comfortable and accomplishing their desires and needs at work. Employee satisfaction can also be
based on the effect of an individual’s experience of work, or the quality of their working life.